Carbery Group has reported an increase in earnings before interest, taxes, depreciation and amotisation (EBITDA) to €37m on turnover of €340m for 2016.
EBITDA increased by 4.8 per cent, up from €35.3m in 2015. Turnover for the year was down slightly at €340m compared to €349.5m in the previous year.
The Group is reporting operating profit before interest, tax, amortisation and exceptional items (EBITA) of €27.1m (2015: €25.5m), reflecting a year-on-year increase of 6 per cent. On a constant currency basis, EBITA increased by 9 per cent year on year.
Continuing on course with the group’s growth strategy, the Carbery Group invested €15.4m in its dairy and ingredients departments during 2016, increasing the total investment made by the company since 2011 to €78.2m.
Carbery’s dairy business in Ireland recorded good margins and expansion in both its ingredients and cheese divisions, in spite of lower prices for cheese during the year. The volume of milk processed at Ballineen in 2016 was up 4.4% to 470 million litres.
Carbery’s ingredients division has developed new business in high-value fields such as infant nutrition and clinical nutrition.
Carbery Group’s international flavour and natural extracts division, Synergy, has recorded good growth in its main customer markets of the UK, Europe, the USA, South America and south-east Asia.
The outlook for the Carbery Group business is reportedly positive for 2017, given its strong and dynamic dairy, ingredients and flavours business divisions.
Sustainable Development Goals (SDGs) On 1 January 2016, the 17 Sustainable Development Goals (SDGs) officially came into force. Over the next fifteen years countries will mobilize efforts to end all forms of poverty, fight inequalities and tackle climate change, while ensuring that no one is left behind. The new Goals recognize that ending poverty must go hand-in-hand with strategies that build economic growth and addresses a range of social needs including education, health, social protection, and job opportunities, while tackling climate change and environmental protection.
Governments will be busy for the next 15 years working to achieve the goals, but that doesn’t mean all the work falls on them. The private sector can help accelerate the achievement of the SDGs. Carbery is committed to playing our part in achieving the sustainable development goals. At Carbery, we have a special focus on; life on land, responsible consumption & production, industry innovation and infrastructure, sustainable communities and gender equality. To find out more on our initiatives, and the role Carbery is playing, please contact Sinead Treanor, Sustainability Manager on firstname.lastname@example.org
Carbery delivers on its Green 50 pledge by diverting 15% less waste to landfill, achieving an actual total weight reduction of 22.5 metric tonnes compared to 2015 levels. Green 50 is a not-for-profit initiative whose mission is to raise money for charities through the promotion of green practices. The ‘Jeep for Jason’ West Cork Rapid Response was the selected charity, and Carbery donated a €2,000 cheque from their waste savings initiative. In doing so, Carbery became the first Irish company to fulfill its Green 50 pledge.
Carbery launched a great tasting 100% whey protein for ready to drink beverages at this years this year’s HiE exhibition in Frankfurt. Responding to the continuing demand for convenient, nutritious and tasty beverages that support health throughout life, Optipep® RTD can deliver a 10% pure whey protein content in RTD teas, coffees, juices and dairy beverages.
Carbery’s latest innovation means that for the first time, customers can use a great tasting 100% whey protein ingredient that can withstand pasteurisation, UHT treatment and a shelf life of up to 12 months while also providing a meaningful quantity of premium protein in each serving. Whey is widely regarded as the ideal protein source due to its amino acid profile and bioavailability.
Like all Carbery’s other whey proteins, it is manufactured from grass-fed whey, a natural and sustainable protein source.
Carbery has won the 2016 Green Food and Beverage Award as recognition for our outstanding achievements of exceeding Origin Green targets ahead of schedule, and our innovative approach to sustainability through initiatives such as Carbery Greener Dairy Farms and the farmer tree planting programme; Carbery Trees.
For the past 7 years the Green Awards has celebrated the commitment that Irish businesses make towards sustainability in Ireland and continues to be the number one platform where the leading organisations and thinkers gather to celebrates the Irish green community.
Carbery, in conjunction with SWS Forestry, has launched The Carbery Tree Project, whereby local farmers will be given 20 trees each for planting on their farms in an initiative to address climate change at a local level: offsetting carbon emissions, and increasing biodiversity. The project is the first scheme of its kind for the dairy industry in Ireland and involved all 1,314 suppliers across the four West Cork Co-ops. Over 26,000 trees were provided in biodegradable bags, during National Tree Week, that ran from the 6th-13th March.
The Carbery Group is rooted in dairying. Owned by farming families, its Irish operation processes around 400 million litres per annum of milk to produce award-winning cheeses and food ingredients.
The lush landscape and temperate climate of Ireland’s south western seaboard provides ideal conditions for sustainable, grass-based dairy farming. Here, dairy farmers have worked in harmony with nature for generations to produce high quality milk, rich in nutritional goodness.
Each year, The Irish National Dairy Council (NDC) and Kerrygold award prizes for milk quality. We congratulate this year’s overall winners Kieran and Catherine O’Sullivan, from Dunmanus, Goleen in West Cork. They were recognised for farming the Best Quality Milk in Ireland at the recent NDC & Kerrygold Quality Milk Awards.
The O’Sullivan family run a 107 hectare dairy farm, milking 136 cows with an 18 unit milking parlour. Their milk is supplied daily to Drinagh Co-op for processing in Carbery’s Ballineen facility. The O’Sulllivan farm is located on the scenic Mizen peninsula, one of the most westerly points in Europe. The family is at the heart of Irish dairy farming. Their passion for farming is passed down from generation to generation.
Carbery would also like to congratulate some of our other farmer suppliers who also received awards. The O’Manony family from Shanakiel (Barrroe-Co-op) were the overall runners up. James Kingston from Maulnageragh, (Lisavaird Co-op) claimed the National Category award for the Best Milk Protein. Owen and Rosaleen O’Brien from Cashelbeg (Bandon Co-op) achieved excellence in Dairy Farming / National Finalist.
The success of our suppliers in these prestigious Quality Milk Awards demonstrates the quality milk system that is in place in West Cork, and highlights the excellent standard of milk production that farmers strive to achieve every day.
Each finalist was commended for their outstanding attention to detail, with an emphasis on healthy cows, spotless facilities and hygienic practices, all of which are essential to Carbery’s quality of raw material supply which leads to a superior end product.
Carbery is set to showcase its extensive technical expertise in performance nutrition at SupplySide West in Las Vegas Nevada this October.
This year, Protein has been selected as one of the Hot Topics™ at SupplySide West. This provides the ideal platform for Carbery to launch Optipep® 90PRO, a new higher-protein addition to its range of hydrolyzed whey proteins.
Created using specialist enzyme technology, Optipep® 90PRO offers an improved taste profile for high protein, elite athlete nutrition products and is suitable for inclusion in a range of beverage and bar formats. The new taste profile is highly palatable with a clean taste that works with a greater choice of flavors.
Optipep® 90PRO is naturally high in branched chain amino acids (BCAAs) including Leucine, Isoleucine and Valine and offers enhanced bioactivity of peptides. It delivers key performance benefits. These include rapid absorption of essential amino acids and enhanced insulin response. A powerful combination that promotes muscle protein synthesis and restores muscle glycogen stores.
Carbery’s protein innovation platform is strengthened by its global flavors business Synergy Flavors, who have specific expertise in flavoring protein based sports nutrition formulations. Carbery/Synergy will be exhibiting on booth #2263.
SupplySide West, the leading Nutraceuticals trade show in the USA brings together suppliers and buyers of dietary supplements, food and beverages, personal care and cosmetics.
Sales and Marketing Director Noel Corcoran spoke to FoodIngredientsFirst about the rise of whey protein, why it feels under no threat from non-dairy protein, and how the nutrition business is creating synergies with Carbery’s flavors division, Synergy. Read more here
Carbery Group, the leading international manufacturer of value-added ingredients, flavours and cheese, has reported Operating profit before exceptional items of €12.7 million for year ending December 2014. Turnover was €316.6 million. During 2014 Carbery Group maintained its focus on adding value to its operating activities with group capital expenditure of €14.7 million across its dairy, nutrition ingredients and international taste business divisions. Significant investments were made in Carbery’s cheese processing facilities in Ballineen, Co Cork to facilitate post quota expansion.
Carbery’s nutritional business also had a good year in 2014, benefiting from strong markets and from increased output of specialised ingredients, in particular its hydrolysed protein range. The company is engaged in a number of public/private research initiatives including the Dairy Products Technology Centre and Food for Health Ireland.
Synergy, Carbery Group’s taste and natural extracts business, had another successful performance in 2014. Results were driven by growth and consolidation in the established markets in the EU and US with new markets in South East Asia and South America continuing to be areas of focus for Synergy’s international growth. In its first full year of operation Synergy Thailand has had a very successful year, with Carbery’s operating presence in the region facilitating significant new business wins. Synergy flavours US and EU also benefited from significant investments in new analytical and sensory capabilities to support their innovation drive and deliver a more tailored customer experience.